As used in this part:

1. (1) “Commission” means the state agency known as the Arkansas Economic Development Commission;

2. (2) “Economic development region” means a group of municipalities or counties that:

   1. (A) Includes at least two (2) counties; and
   2. (B) Has formed a regional economic development partnership;

3. (3) “In-kind contributions” means items given to a regional economic development partnership, including without limitation:

   1. (A) Donated office space;
   2. (B) Equipment;
   3. (C) Staff; and
   4. (D) Other items specifically approved by the Arkansas Economic Development Commission; and
4. (4) “Regional economic development partnership” means an organization whose mission is to promote specific regions within the state in accordance with the intent described under Arkansas Code § 15-4-3402.